Pharmacy Automation Market: Analysis Focusing On The Key Issues Surrounding The Growth Of The Industry And Further Develop Opportunities To 2030

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Pharmacy Automation Market Synopsis:

An extensive examination of import and export consumption, supply and demand dynamics, cost structures, market shares, sales volumes, revenues, and gross profits is given in the "Pharmacy Automation Market" study report. It provides insights into the global industry by highlighting notable producers from various areas. They carefully evaluate their production bases, capabilities, revenues, and market shares in order to provide stakeholders with the necessary information for making strategic decisions and navigating the ever-changing Pharmacy Automation market environment.

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Market Analysis and Development:

Pharmacy Automation Market size was valued at USD 6.39 Bn. in 2022 and the total Pharmacy Automation revenue is expected to grow by 8.5 % from 2023 to 2029, reaching nearly USD 9.92 Bn.

Pharmacy Automation Market Extent:

The comprehensive study of import and export consumption, the complexities of supply and demand, cost structures, market shares, sales volumes, revenues, and gross profits are all included in the Pharmacy Automation market analysis report. It explores the manufacturing landscape, assessing each industry player's market share, production capacity, and factory pricing. Key manufacturers in various regions are highlighted by insights into the worldwide market environment, with careful attention paid to their manufacturing bases, production capabilities, revenue streams, and market shares. With the help of this data-rich analysis, stakeholders can make strategic decisions and navigate the dynamic Pharmacy Automation market with greater effectiveness.

Dynamics of the Market:

The report provides an in-depth analysis of the Pharmacy Automation market dynamics, offering insights into emerging trends, drivers, restraints, opportunities, and challenges on both global and regional scales.

Classification of the Pharmacy Automation Market

by Product

• Medication Dispensing Systems
o Robots/Robotic Automated Dispensing Systems
o Carousels
o Automated Dispensing Cabinets
• Packaging And Labeling Systems
• Storage And Retrieval Systems
• Automated Medication Compounding Systems
• Tabletop Tablet Counters

Based on Product, In 2022, the medication dispensing system segment dominated the industry, accounting for more than 24.5% of global revenue. The high share can be attributed to improved safety and accuracy in medication dispensing provided by these systems, resulting in fewer instances of incorrect medications being dispensed to patients. It also aids in effective inventory management and helps to reduce costs by managing storage. Wrong medications are dispensed to patients, which not only endangers their health but also has significant financial consequences. According to a study published in StatPearls, nearly 9,000 people die each year as a result of medication errors, and the costs associated with medication errors in terms of patient management total more than USD 40 billion per year.

by Automation Mode

• Fully-Automatic
• Semi - Automatic
by End-use

• Retail Pharmacy
• Inpatient Pharmacies
• Outpatient Pharmacies
• Pharmacy Benefit Management Organizations and Mail-Order Pharmacies

Based on the End-use, The industry has been further subdivided into hospital and retail pharmacies based on end-users. The retail pharmacy segment held the largest share of the global industry in the end-use segment. In 2022, the segment had a 53.4% market share. This is due to an increase in the number of retail pharmacies in various countries. Automation in retail pharmacies is causing a revolution in cost reduction on multiple levels. According to the OECD library, the number of pharmacies has increased across all OECD countries. Because of increased government efforts, Japan had the highest density from 2000 to 2019.

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Regional Insights:

The Pharmacy Automation market report offers a comprehensive analysis of the Pharmacy Automation industry across five major global regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. In-depth exploration delves into crucial market geographies, illuminating their unique dynamics and potential. Significant industry segments and sub-segments are meticulously identified and examined, unveiling key growth drivers and challenges. By dissecting regional trends and highlighting market nuances, the report empowers stakeholders to make informed decisions. Whether seeking expansion opportunities or market insights, this analysis equips industry players with valuable data to navigate the diverse landscape of the Pharmacy Automation market.

Principal Players in the Pharmacy Automation Market Industry

• Amerisource Bergen Corp.
• Accu Chart Plus Healthcare Systems, Inc.
• Omnicell, Inc.
• McKesson Co.
• Pearson Medical Technologies LLC
• Baxter International, Inc.
• Talyst LLC
• ScriptPro LLC
• Becton Dickinson & Company
• Medacist
• Kirby Lester
• Cerner Corp.
• iA
• ARxIUM
• TouchPoint Medical
• Deenova SRL
• Parata Systems
• Swisslog Healthcare
• Yuyama
• Capsa Healthcare

List of Contents : Pharmacy Automation Market

Part 01: Executive Summary

Part 02: Scope of the Pharmacy Automation Market Report

Part 03: Pharmacy Automation Market Landscape

Part 04: Pharmacy Automation Market Sizing

Part 05: Pharmacy Automation Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Questions Addressed in the Report:

• What defines the Pharmacy Automation Market?
• What is the forecast period for the Pharmacy Automation Market?
• What is the competitive scenario within the Pharmacy Automation market?
• Which region held the largest market share in the Pharmacy Automation Market?
• What opportunities exist for the Pharmacy Automation Market?
• What are the restraining factors in the Pharmacy Automation market?
• Who are the key players of the Pharmacy Automation market?

Key Offerings:

• Market Share, Size, and Forecast by Revenue (2022-2029)
• Market Dynamics: Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Pharmacy Automation
• Landscape: Leading key players and other prominent stakeholders.

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